Its listing is expected in the fourth quarter in a deal seen raising as much as $2.5 Bn. Vodafone has begun work on the prospectus that would incorporate the Indian unit’s financials for the first half of the calendar year. Vodafone hired Bank of America Corp, Kotak Investment Banking, UBS AG in April as global coordinators for the IPO.

Vodafone plans IPO of its Indian business in August

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